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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating Revenue $ 3,432 $ 3,332 [1] $ 9,935 $ 9,734 [2]
Operating Expenses        
Electric fuel and other energy-related purchases 1,107 1,009 [1] 2,933 2,816 [2]
Purchased electric capacity 91 86 [1] 267 297 [2]
Purchased gas 232 191 [1] 996 818 [2]
Other operations and maintenance 525 1,086 [1] 1,876 2,446 [2]
Depreciation, depletion and amortization 309 290 [1] 909 838 [2]
Other taxes 134 119 [1] 442 422 [2]
Total operating expenses 2,398 2,781 [1] 7,423 7,637 [2]
Income from operations 1,034 551 [1] 2,512 2,097 [2]
Other income 86 56 [1] 222 174 [2]
Interest and related charges 217 197 [1] 648 618 [2]
Income from continuing operations including noncontrolling interests before income tax expense 903 410 [1] 2,086 1,653 [2]
Income tax expense 305 143 [1] 709 578 [2]
Income from continuing operations including noncontrolling interests 598 267 [1] 1,377 1,075 [2]
Loss from discontinued operations (23) [3] (52) [1],[3] (92) [3] (94) [2],[3]
Net Income Including Noncontrolling Interests 575 215 [2] 1,285 981 [2]
Noncontrolling Interests 6 6 [1] 19 20 [2]
Net Income Attributable to Dominion 569 209 [1],[2] 1,266 961 [2]
Amounts Attributable to Dominion:        
Income from continuing operations, net of tax 592 261 [1] 1,358 1,055 [2]
Loss from discontinued operations, net of tax (23) (52) [1] (92) (94) [2]
Earnings Per Common Share-Basic        
Income from continuing operations (dollars per share) $ 1.02 $ 0.45 [1] $ 2.35 $ 1.84 [2]
Loss from discontinued operations (dollars per share) $ (0.04) $ (0.09) [1] $ (0.16) $ (0.16) [2]
Earnings Per Common Share - Basic (dollars per share) $ 0.98 $ 0.36 [1] $ 2.19 $ 1.68 [2]
Earnings Per Common Share-Diluted        
Income from continuing operations (dollars per share) $ 1.02 $ 0.45 [1] $ 2.35 $ 1.84 [2]
Loss from discontinued operations (dollars per share) $ (0.04) $ (0.09) [1] $ (0.16) $ (0.16) [2]
Net income attributable to Dominion (dollars per share) $ 0.98 $ 0.36 [1] $ 2.19 $ 1.68 [2]
Dividends declared per common share (dollars per share) $ 0.5625 $ 0.5275 [1] $ 1.6875 $ 1.5825 [2]
Income tax benefit from discontinued operations 6 17 43 53
Virginia Electric and Power Company
       
Operating Revenue 2,059 2,086 5,550 5,596
Operating Expenses        
Electric fuel and other energy-related purchases 651 634 1,749 1,850
Purchased electric capacity 91 86 267 296
Affiliated suppliers 83 91 238 256
Other 273 278 792 861
Depreciation, depletion and amortization 218 203 636 579
Other taxes 64 48 196 179
Total operating expenses 1,380 1,340 3,878 4,021
Income from operations 679 746 1,672 1,575
Other income 19 25 71 65
Interest and related charges 93 97 270 297
Income from continuing operations including noncontrolling interests before income tax expense 605 674 1,473 1,343
Income tax expense 218 259 534 513
Net Income Attributable to Dominion 387 415 939 830
Amounts Attributable to Dominion:        
Preferred dividends 4 4 12 12
Balance available for common stock $ 383 $ 411 $ 927 $ 818
[1] Recast to reflect Brayton Point and Kincaid as discontinued operations, as discussed in Note 3.
[2] Net of $43 million and $57 million tax for the three months ended September 30, 2013 and 2012, respectively, and net of $21 million and $(28) million tax for the nine months ended September 30, 2013 and 2012, respectively.
[3] Includes income tax expense of $6 million for the three months ended September 30, 2013 and income tax benefit of $17 million, $43 million and $53 million for the three months ended September 30, 2012 and the nine months ended September 30, 2013 and 2012, respectively.